SiteMinder

OCTOBER 10, 2023

What is cost based pricing? Cost-based pricing is a pricing method where the selling price of a product or service is determined by adding a markup to the unit cost or, in the case of hotels, the cost of keeping a room available and maintained for use. Table of contents Why do hotels use a cost-based pricing strategy?

Pricing 59

Pricing Maintenance Marketing Communication 59

Revenue Hub

SEPTEMBER 4, 2023

Hotel operations technology focuses on optimizing efficiency and reducing costs, while revenue managers concentrate on pricing strategies and increasing revenue. Housekeeping and maintenance data can also be used with occupancy data to forecast and plan maintenance operations.

Housekeeping 107

Housekeeping Maintenance Pricing Information 107

Hotelogix

JULY 5, 2024

It helps small hotels by managing their rooms, setting prices, and deciding rules like minimum stay.  Online booking software helps hotels track rooms, see how many guests want to stay, and change room prices to make most profits automatically. One dashboard makes it easy to set prices based on demand and available rooms.

Reservations 130

Reservations Guest Satisfaction Book Property Management 130

Hotel Business

JANUARY 15, 2025

Reecos platform allows users to purchase food and supplies based on live pricing from their preferred vendors; manage inventory through an AI-powered app; and generate real-time food cost insights by linking recipes to point-of-sale systems. We are excited to partner with them and support their growth.

Procurement 59

Procurement Back of House Accounting Vendor Management 59

Hospitality Magazine

OCTOBER 4, 2023

It needs preventive maintenance well before summer including cleaning the condenser coils at the back of the fridge units every month, checking the door seals are in good shape, and re-gassing the motors. Air conditioning also needs care and maintenance: dirty filters reduce airflow and make the motors work harder.

Maintenance 130

Maintenance Communication Training Pricing 130

STAAH

JUNE 4, 2024

It serves as a virtual storefront, enabling visitors to browse available accommodations, check prices, and complete bookings without third-party involvement. Confirmation and Communication: Upon successful booking, guests receive instant confirmation via email or SMS, outlining reservation details and pertinent information.

Book 109

Book Guest Satisfaction Reservations Communication 109

Revenue Hub

JUNE 18, 2024

reservations, housekeeping, maintenance, etc.), A common concern for many hoteliers (especially Front Desk Managers) is that guests will be upset and feel “ripped off” if a hotel implements dynamic pricing. The guests’ ratings for price fairness went down by a small amount.

Guest Satisfaction 109

Guest Satisfaction Pricing Housekeeping Communication 109

Hotel Business

APRIL 1, 2024

Among the services provided by the CoralTree Residence Collection are owner relations and renovation services; accounting and financial services; guest/concierge services; front desk and amenity management; maintenance and capital project oversight; marketing; distribution and pricing; housekeeping; asset management; and procurement.

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

Hotelogix

JANUARY 10, 2025

  Google ecosystem integration: Seamless coordination with email and video conferencing tools can enhance communication with guests and among staff members.   - You receive comprehensive reports and analytical tools that assist you in pricing, managing promotions, and running your hotel. 

Book 100

Book Reservations Scheduling Housekeeping 100

Revenue Hub

SEPTEMBER 1, 2023

Prices and Hidden Fees No one likes to encounter hidden fees. That’s why price transparency is fundamental to guest satisfaction. Communicate tourist taxes, added services, amenity pricing and any other sales tax. Noise Noise complaints can be expected whenever many people share walls and communal areas.

Guest Satisfaction 109

Guest Satisfaction Housekeeping Maintenance Pricing 109

Hotelogix

AUGUST 27, 2024

Increase Bookings and Revenue: Being on more than one platform let’s hotels adjust prices and fill more rooms. Metasearch Engines- Metasearch engines compare prices and availability from various booking sites, helping travelers find the best deals. Integrating with a GDS can open up new markets and bring in more bookings.

Book 130

Book Pricing Maintenance Marketing 130

Revenue Hub

JULY 24, 2023

The worst part is if hotels at the destination start a price war to attract more guests, the results will be lower revenue for all, and no additional guests will travel to the destination because the hotel rooms are cheap. Reputation : Make sure that seasonal closure is communicated effectively to potential customers.

Maintenance 98

Maintenance Travel and Tourism Special Events Pricing 98

LimeTray

JANUARY 31, 2025

A custom restaurant POS software system tackles this by integrating features like order management, table tracking, and inventory updates, improving service speed and communication. Specialized features such as multi-location tracking and dynamic pricing can further help organizations optimize revenue. Eager to find out more?

POS Systems 52

POS Systems Maintenance Server Customer Service 52

Hotelogix

JANUARY 29, 2025

Streamlined communication : No more playing telephone! Integrated communication platforms ensure everyone’s on the same page, from housekeeping to the front desk. Operational cost savings : From energy-efficient smart rooms to predictive maintenance, technology is slashing operational costs left and right.

Concierge 145

Concierge Training Pricing Book 145

Modern Restaurant Management

JUNE 26, 2024

That's why we recommend drive-thru audio solutions like wireless headsets and high-quality speakers and microphones to ensure crystal-clear communication between guests and staff. QSRs should feature the right items at the right time, optimize their promotions and pricing to drive sales, and display visually compelling imagery.

Training 175

Training Back of House Definition Accounting 175

SiteMinder

JULY 10, 2024

This includes automating routine tasks, personalising guest experiences, adjusting pricing strategies, and making your overall operations more efficient. Optimise pricing, integrate with third-party providers, and personalise guest experiences effortlessly.

Guest Satisfaction 91

Guest Satisfaction Pricing Communication Concierge 91

Hotel Business

SEPTEMBER 7, 2023

After several years of challenging business conditions, which caused much of the hospitality industry to scale back on capital expenditures, hotel management companies have started making serious investments in renovations, maintenance and staffing. According to the J.D.

Guest Satisfaction 111

Guest Satisfaction Maintenance Communication Training 111

SiteMinder

MARCH 16, 2025

This includes guest services, housekeeping, food and beverage management, maintenance, financial administration, and staff supervision. This includes front desk coordination, housekeeping, maintenance, and food & beverage services. Guests expect higher service levels to justify premium pricing.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Regulatory Compliance 52

InnQuest

SEPTEMBER 28, 2022

The cloud PMS software must be adept at all key functions like getting listed online, making reservations, facilitating guest entry and housekeeping to communicating with guests all-throughout. The ideal cloud property management system has zero maintenance costs and third-party integration charges, and offers free software upgrades.

Property Management 130

Property Management Catering Accounting Housekeeping 130

7 Shifts

AUGUST 2, 2024

This number is essential because it helps you determine the price of your food and beverages. TouchBistro stresses how the importance of this figure can help restaurant owners determine whether or not their food prices need to be adjusted. of times a specific item was sold x The item's price - (No.

Accounting 158

Accounting Bookkeeping Pricing Budgeting 158

EATER

JANUARY 18, 2022

However, that puts her labor costs at higher than the average, and underestimating her fixed costs — like equipment, maintenance — affect that too. Even though she wants to keep the menu affordable, Lê will soon need to balance her high fixed and labor costs with the prices she charges. Menu price: $10.50. Profit: -$3.01 (loss).

Pricing 98

Pricing Maintenance Communication Marketing 98

Revenue Hub

MARCH 30, 2023

NB: This is an article from OTA Insight In the UK, RSM and Hotstats data found that utility prices had nearly doubled since 2018 and had increased by 49% compared to pre-pandemic. This will enable you to maximise maintenance efficiency while effectively managing energy usage.

Maintenance 97

Maintenance Article Communication Pricing 97

LimeTray

JANUARY 13, 2025

This allows for smoother data transfer and communication between platforms. Problems with restaurant POS systems may occur due to outdated hardware or neglected maintenance. Regular Inspections: Routine inspections and maintenance of payment terminals are crucial for ensuring smooth operations. Probably not.

POS Systems 52

POS Systems Training Maintenance Server 52

SiteMinder

OCTOBER 11, 2022

From handling complaints and supervising staff to scheduling maintenance and managing budgets, this role oversees all aspects of hotel operations. A revenue manager’s job is to set hotel prices. This role oversees all systems used to manage bookings, schedule maintenance and facilitate communications. Revenue manager.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Hotelogix

OCTOBER 18, 2023

This integration streamlines communication and data sharing across departments. It helps identify high-profit areas, understand demand patterns, and optimize pricing strategies for increased profitability. This includes setting up menus, pricing, tax rates, discounts, and user access levels.

POS Systems 130

POS Systems Training Guest Satisfaction Front of House 130

Hotel Business

JULY 16, 2024

in October 2023—virtually every traveler in every hotel price bracket is paying more for a hotel room. Power 2024 North America Hotel Guest Satisfaction Index (NAGSI) Study , travelers’ perceived value for those higher prices is very much dependent on how well the hotel delivers on their expectations. With an ADR for a U.S.

Guest Satisfaction 64

Guest Satisfaction Maintenance Pricing Communication 64

SiteMinder

SEPTEMBER 7, 2023

Examples might include resort fees that cover property maintenance, parking fees, or additional cleaning fees if guests bring pets. These include: Resort and amenity fees These fees cover the use and maintenance of on-site facilities like swimming pools, gyms, and spas. Stay away!”.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

SiteMinder

OCTOBER 7, 2024

Failing to consider total cost of ownership: Long-term costs like maintenance and support are often underestimated, which can seriously erode your profitability. Craft a long-term budget that includes a buffer for unforeseen costs and future price rises. “We

Property Management 93

Property Management Maintenance Book Training 93

Modern Restaurant Management

APRIL 2, 2020

Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. MenuDrive allows restaurants to add their own delivery services, or utilize Lavu’s national partner for fixed-price, commission-free deliveries. ” The BOHA! restaurants. To learn more, click here.

Information 206

Information Communication Training Marketing 206

Revenue Hub

NOVEMBER 21, 2022

This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. For example, it’ll be easier for you to schedule cleaning, maintenance and front-of-house teams, because you can gauge the level of guest turnover.

Book 97

Book Front of House Pricing Catering 97

7 Shifts

SEPTEMBER 19, 2019

General maintenance: Pinpoint what needs cleaning and fixing and be willing to get your hands dirty. Monitor serious maintenance issues in the manager log book to notify other managers. Or, you can turn your puzzles into popular dishes by lowering the price. Keep an eye on the price of seasonal ingredients.

Scheduling 113

Scheduling Communication Training Customer Service 113

STAAH

MARCH 14, 2023

Make sure your space is clean and comfortable for your guests, Communicate clearly and promptly with your guests before, during, and after their stay. 3) Outsource tasks: Consider outsourcing tasks like cleaning, maintenance , and guest communications to third-party providers.

Communication 98

Communication Book Property Management Maintenance 98

Modern Restaurant Management

JULY 26, 2023

In today's ever-evolving economic climate, characterized by escalating retail prices and a limited number of desirable properties, restaurants face a significant challenge in finding suitable locations that align with their criteria. Creating a specialized real estate strategy has become more essential than ever for brands.

Maintenance 88

Maintenance Catering Communication Marketing 88

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. It helps you accurately price your menu items , has a direct impact on your prime cost and helps you run a profitable restaurant. Regular maintenance. Why is Food Cost Important?

POS Systems 148

POS Systems Scheduling Budgeting Pricing 148

SiteMinder

MAY 8, 2024

An Airbnb property management service is designed to streamline your short-term rental operations by handling essential tasks such as listing optimisation, guest communication, and check-in/check-out logistics. Some companies might also charge additional fees for services such as cleaning, maintenance, and special guest services.

Property Management 52

Property Management Maintenance Communication Housekeeping 52

Revenue Hub

FEBRUARY 9, 2023

Most importantly, how can hotels ensure that they are upholding sustainability standards and effectively communicating them to stakeholders and customers? Here is a breakdown: Planet: Your hotel must significantly reduce its environmental impact through green best-practices in maintenance, services, logistics, products, and supplies.

Travel and Tourism 98

Travel and Tourism Article Maintenance Communication 98

Hotel Business

SEPTEMBER 4, 2024

It is based on six factors (in alphabetical order): communications and connectivity; food and beverage; guestroom; hotel facilities; staff service; and value for price.

Guest Satisfaction 64

Guest Satisfaction Maintenance Pricing Communication 64